nre no1 ipo oversubscribed..., page-9

i agree with t4p on most things but clarkers has a point, that did sound like 90% waffle - lol.

there is one thing im curious about tho.... this float lists on the 11th of july right? since the issue price is at 50 cents and it was oversubscribed it could well open in the 60's. you would think that the aussie listing would come to equilibrium... which implies a 50%-100% gain in the next week on the heads. will people see the connection and play on the arbitrage? is there an arb here at all between the two listings and will it fill the gap? or do i have NFI lol...

cheers